Latent defect - Study guides, Class notes & Summaries
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Matt's CFCM Questions: FAR Part 46. Quality Assurance Questions and answers(latest update
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The act of an authorized representative of the government by which the government, for itself or as an agent of another, assumes ownership of existing identified supplies tendered or approves specific services rendered as partial or complete per performance of the contract. 
 
a. acceptance 
b. off-the-shelf item 
c. latent defect. 
d. patent defect 
a. acceptance 
 
FAR 46.1 
 
 
 
Any item produced and place in stock by a contractor or stocked by a distributor before receiving orders or contra...
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CA Contractors license test questions Business and Law Questions & 100% Verified Answers | Latest Update | Already Graded A+
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How much time does a contractor have to renew his license after the expiration date 
without retaking the exam? 
: 5 year 
When you collect sales tax from your customer for goods, which agency do you report 
and pay sales tax collected? 
: State board of equalization 
Sales tax is a state tax. State income taxes are payable to the franchise tax board. IRS 
only collects federal taxes 
How long is the contractor liable for patent or visible defects? 
: 4 years 
How long is the contractorr liab...
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1 OHIO REAL ESTATE EXAM REVIEW QUESTIONS AND ANSWERS, GRADED A+
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1 OHIO REAL ESTATE EXAM REVIEW QUESTIONS AND 
ANSWERS, GRADED A+ 
Which would a buyer prefer: Land installment contract or purchase money mortgage? - -purchase 
money mortgage 
- the buyer will receive the deed to the property on the day of closing. 
-A purchase money mortgage does not transfer any title to the buyer; rather, it is a method by which the 
seller finances the transaction. 
-In a land installment contract, the buyer does not receive the deed until the final payment is made. A ...
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InterNachi test- Compucram. 186 Final (Exam) Quiz Queries Correctly Answered|2024|Grade A+
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The inspection of the electrical system should begin with which of the following locations on the property? - ️️Exterior... All parts of the home inspection start on the exterior. 
 
A professional inspector delivers a home inspection report written in paragraph form based on his observations and opinions of the condition of a subject property. This form of report is known as a/an: - ️️Narrative report... A narrative report is written in paragraph form. 
 
A hornet nest on the house need...
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National PSI EXAM PRACTICE TEST Answered 100% Correctly| Latest 2024
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National PSI EXAM PRACTICE TEST Answered 100% Correctly| Latest 2024 
Real Estate law governing advertising applies to all of these EXCEPT: 
A. In house notes for showing 
B. Multiple listing service (MLS) 
C. communications with consumers 
D. Social Media 
A. In-house notes for showing are not seen by consumers an so do not have to 
follow state or federal laws. 
A couple accompanies a property inspector during an inspection of a house on 
which they have a contract. The inspector points to ...
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Law of Agency Final Exam Review Questions And Answers
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Law of Agency Final Exam Review Questions And Answers 
 
Most lawsuits involve issues of who did or did not represent whom. The number of lawsuits is: 
A. Increasing 
B. Decreasing 
C. Stabilizing over the last several years 
D. Broker lawsuits are not allowed. - ANS A. Increasing 
 
The correct answer is A. A broker is more likely to be sued because he failed to make it clear to all parties who he represented as a client. 
 
The broker working with a buyer customer and representing the sell...
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Real Estate State Practice 2/Answered 100% Correctly/Latest 2024
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Real Estate State Practice 2/Answered 100% Correctly/Latest 2024 
In which of the following would prevent a seller from providing marketable title? 
Mechanic's Lien 
The seller has required that the buyer must use his title insurance company and that 
brokers reduce their portion of the real estate commissions, increasing the seller's 
net proceeds 
This is illegal according to RESPA 
If a license mentions MLS when advertising in a newspaper, the New Jersey 
Licensing law requires 
The full...
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Humber Real Estate - Course 2, Module 4, Factors Impacting Residential Real Estate Negotiations Questions & Answers(rated A+)
- Exam (elaborations) • 6 pages • 2023
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Humber Real Estate - Course 2, Module 4, Factors Impacting Residential Real Estate Negotiations Questions & Answers(rated A+) 
 
Humber Real Estate - Course 2, Module 4, Factors Impacting Residential Real Estate Negotiations Questions & Answers(rated A+) 
 
A 'Patent Defect' is observable by the untrained eye. 
 
A 'Latent Defect' is not readily observable to the untrained eye during the reasonable inspection of a property. - ANSWER-What is the difference between a 'Patent Defect' and a '...
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Humber Real Estate - Course 2, Module 4 Prep Exam And Actual Answers 2024.
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A 'Patent Defect' is observable by the untrained eye. 
 
A 'Latent Defect' is not readily observable to the untrained eye during the reasonable inspection of a property. - Answer What is the difference between a 'Patent Defect' and a 'Latent Defect'? 
 
A material latent defect because it poses a serious risk that can render the home unsafe, unhealthy or otherwise uninhabitable to live it. - Answer What is the most severe type of latent defect? 
 
- Real estate boards 
- Subscription...
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National PSI Exam Practice Test Latest Update with Verified Solutions
- Exam (elaborations) • 24 pages • 2023
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Real Estate law governing advertising applies to all of these EXCEPT: 
A. In house notes for showing 
B. Multiple listing service (MLS) 
C. communications with consumers 
D. Social Media A. In-house notes for showing are not seen by consumers an so do not have 
to follow state or federal laws. 
A couple accompanies a property inspector during an inspection of a house on which they have a 
contract. The inspector points to a six-inch crack at the corner of a dining room window. The 
crack is ...
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